The constant innovation of the hotel and casino industry helps maximize profits, optimize revenues, and enhance group prices.
Cendyn announced today several enhancements to its revenue management products Guestrev and Grouprev. Cendyn’s partnerships and integrations with Amadeus, Agilisys and other companies demonstrate its commitment to increasing revenue and profitability.
Hotel revenue leaders must embrace advanced strategies and technology to remain competitive in a dynamic and challenging business environment. From AI, to personalization and meeting guest expectations to total revenue optimization and the changing distribution landscape to rising costs.
Cendyn’s commitment to revenue management has led to significant updates that help revenue managers overcome challenges, such as increasing ancillary income. Cendyn Guestrev provides dynamic pricing recommendations based on room categories and market segments. This allows hoteliers and casino operators the ability to understand and evaluate a property’s mix of revenue and profit centers for ancillary revenues while using the most accurate estimation of a guest’s true revenue potential.
Recent investments have led to numerous enhancements in Guestrev. Guestrev offers enhanced lost business data from Cendyn Central Reservation System(CRS)/Booking Engine to provide a better understanding of future demand by pace and forecasts. You can track when rates changed, who updated them, when they went to the PMS and whether or not the PMS accepted it through the historical rate changes. Additionally, you can search, sort and filter by segment, date of arrival, and who made the update.
Kevin Duncan SVP, Product, Cendyn, stated that the product teams at Cendyn have been hard-at-work developing and improving our revenue management solutions to help grow revenue for customers with every guest. Cendyn’s revenue management products offer unmatched flexibility and insight by revolutionizing profit-optimization for hotels and casino. Our commitment to innovation, growth and customer service helps our customers navigate an IT path that is seamless and that drives commercial success.
Guestrev’s updates for casino resort revenue managers reduce manual work by automatically populating pricing recommendations. By overriding a transient rate, the control segment values are updated automatically. This reduces manual effort, and helps to prevent revenue losses due to errors in pricing.
Cendyn Grouprev was built on the basis of Cendyn Guestrev’s core transient forecasting strategy. It gives a clear view of group business and provides projections at the micro-segmentation level. The new competitor shop weightings give group sales managers a better understanding of competitor pricing. They can also make more informed pricing decisions based on seasonality and market occupancy.
Cendyn remains committed to seamless integration of vendors and the elimination silos. In the course of partnerships, integrations have been made with Agilisys as well as Amadeus. Guestrev users can now access PMS data faster by integrating the Agilisys Versa Property Management System. Amadeus Delphi.FDC integration for Grouprev customers eliminates the need to use multiple vendors. This allows faster response times on RFPs.
CENDYN
Cendyn, a cloud-based hospitality technology company, helps hotels drive revenue, maximize profits, and build deeper relationships with their guests by offering integrated solutions. Cendyn, which has served hoteliers in the hospitality industry for more than 30 years, drives success for hotels with its Find, Book, Grow promises: find the right customers, encourage them to book directly, and increase revenue and loyalty across all digital guest interactions.
Cendyn serves over 35,000 hotel customers in more 150 countries, generating annual revenue of more than 20 billion dollars. The company’s growing customer base is supported from around the world including the United States France United Kingdom Singapore Bangkok India. Visit the website to learn more. cendyn.com.
